Lassonde reconsiders, admits BIS may be manipulating gold market


7p ET Wednesday, November 5, 2014

Dear Friend of GATA and Gold:

Mining entrepreneur and former World Gold Council Chairman Pierre Lassonde, who lately has been saying that central banks don't even think about gold --

-- today applied for a tin-foil hat.

Pressed by Eric King of King World News, Lassonde acknowledged that, as Hong Kong fund manager William Kaye had told KWN a little earlier, the Bank for International Settlements very well might be pushing the gold market around.

"It would not be the first time that we've seen this and it won't be the last time either." Lassonde told KWN. "There is obviously an entity or trading house who must have a short position and they are using the paper gold market to move the price."

Things must have gotten beyond obvious. What's next? Anarchist Doug Casey retracting his claim that central banks are irrelevant? Commodity leter writer Dennis Gartman's deciding to care about market manipulation, or about anything?

Lassonde's interview is excerpted at the KWN blog here:

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.


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